"In actual fact, it is the State, i.e. the taxpayer, who has become responsible to private enterprise. In Fascist Italy the State pays for the blunders of private enterprise. As long as business was good, profit remained to private initiative. When the depression came, the Government added the loss to the tax-payer's burden. Profit is private and individual. Loss is public and social."Salvemini goes on to discuss the bailouts, which were targeted to large corporations but not small businesses.--Under the Axe of Fascism, by Gaetano Salvemini, p. 416 (1936).
"In December 1932 a Fascist financial expert, Signor Mazuchelli, estimated that more than 8.5 billion lire had been paid out by the Government from 1923 to 1932 in order to help depressed industries (Rivista Bancaria, December 15th, 1932, p.1,007). From December 1932 to 1935 the outlay must have doubled."Thank you, Bush/Obama.--Under the Axe of Fascism, by Gaetano Salvemini (1936).
The Weimer Republic's short life essentially ended in the 1933 Chancellorship of Hitler — followed incrementally by increasingly restrictive measures imposed selectively upon the populace by the National Socialist regime — ALL with the acquiescence of the populace — for several reasons, of which I won't bore us with, herein. The dreadful result, culminating in the deaths of over 10 million is history.
The Nazi model is indeed frightening in its similarity to what is in progress NOW, within the Western Democracies — and specifically, our Republic. Our nation is in fact, asleep — and in full denial of its pending demise
Obama is an avowed Marxist — and, he and his brownshirts are in the process of doing irreparable damage to our once great Nation. Their intentions — and initial actions — are readily discernible to the serious student of history.
My biggest fear is that we do not now collectively possess the national will to preclude its success. Academia has done its dastardly job superlatively to these latest two generations; and crass materialism has places us well over the apex of the civilizational sine curve...Rome, circa 300 AD
Very respectfully, dk/coro